Cochlear Stock Rallies After Harsh Profit Alert, A$100 Mark Still in Play
Cochlear shares closed up 2.18% at A$102.64 in Sydney after ASX trading resumed post-holiday, outperforming the S&P/ASX 200, which slipped 0.24%. The stock remains below last year’s high after April’s profit warning and 41% selloff. No new earnings news was released Tuesday. Around 690,000 Cochlear shares changed hands, trading between A$100.56 and A$103.75.